According to chairman FBR, the property prices will decrease (Source: express news dated: 18 June, 2019). What does this suggest? We should sell our properties now (as it is expensive at the moment) and then buy and hold US dollars? Otherwise according to him, it will decrease in future so what is the point in holding properties.
Ali replied on Wednesday, June 19, 2019 11:39 AM
Yes. It's wait and watch game now. Suddenly it will be slide situation when people realize everywhere you see FOR SALE adds. In fact there are few buyers in the market already. It's only that people who are holding have holding power. And because people don't see any alternate investment venue. |
ashraf replied on Wednesday, June 19, 2019 12:58 PM
pl dont spread fake news . |
Consumer replied on Wednesday, June 19, 2019 07:18 PM
The news is real. It's all over the national media. The game is psychological now. Who will blink first. Then there will be a slide in prices. |
Consumer replied on Wednesday, June 19, 2019 07:30 PM
The new rules will be applicable after 1st July, so if you want to avoid CGT, sell it before 1st July |
User_6006® replied on Thursday, June 20, 2019 03:50 AM
They will take uturn soon my dear when they wont get enough taxes.
They will increase property because when they take tax from dealer , raxrs from seller and make on matket value .market will jump more to keep diatance from fbr market value toll next budget. |
Abdul Ghafoor replied on Thursday, June 20, 2019 04:52 AM
Property is already on slump. How much lower u want property to go? Don't expect people giving away plots for free. Keeping a plot does not cost extra or minimal fee. So unless someone is very much driven to get some money, I don't think people would start selling their plots taking in losses of 5 lakh or million PKR. Rest Allah knows best. |
asad khan replied on Friday, June 21, 2019 04:18 AM
Dear brothers, my post about 2 years from today was removed by the site admin.Now i ask the admin what has he to say, further misguide the people |
Tahir replied on Friday, June 21, 2019 04:23 AM
Property won’t remain investor friendly zone now even for overseas Pakistanis along with local investors. I know few of my friends overseas who bought 10-15 plots told me that they are loosing the value of their money where they live in terms of devaluation of Pakistan currency. They too wanted to sell few plots but no buyer at demanding price.
No one like to loose a penny even and that is the only reason properties got stuck. New entrants are afraid since prices are so high and property got left with no charms because of taxes and ROI seems delusional because of
Devaluation of currency and who knows how much devaluation is on the card because of free float exchange market. Govt has no call on dollars value.
It’s gonna be a hard ride for sure. Don’t want to scare people who have their vested interest in properties but Signs are ominous for those who can are foresighted |
